Intermede Investment Partners' Q3 vs Q4 2022 Holdings: A Closer Look

Intermede Investment Partners Ltd Q3 2022 vs Q4 2022: A look at their holdings

Intermede Investment Partners Ltd, a London based investment management firm, recently filed their 13F form with the SEC. The 13F form discloses the firm's holdings as of the end of the quarter, including the number of shares held and the total value of the position. In this blog post, we will be looking at the changes in holdings between Q3 2022 and Q4 2022 and explore what these changes might mean.

Overall, the total value of Intermede Investment Partners' portfolio decreased from $2.79 billion to $2.44 billion, a decrease of approximately 12.5%. This decline was driven by a few select holdings that either decreased significantly or were sold off entirely.

One of the top holdings for Intermede Investment Partners, Schlumberger Ltd (SLB), increased by 85.7% from Q3 2022 to Q4 2022, going from 3.35 million shares to 4.18 million shares. The value of the position increased by 85.8%, from $120.38 million to $223.56 million. Schlumberger is a global oil field services company that provides technology for drilling, exploration, and production.

Schwab Charles Corp New (SCHW), another top holding, decreased by 6.6% from Q3 2022 to Q4 2022, going from 3.31 million shares to 2.67 million shares. The value of the position decreased by 6.8%, from $237.81 million to $222.11 million. Schwab is a full-service brokerage firm that offers financial services including banking, brokerage, and investment advisory services.

Moving on to the technology sector, Alphabet Inc (GOOG) saw a 9.3% decrease in the number of shares held by Intermede Investment Partners, going from 2.21 million shares to 2.17 million shares. The value of the position decreased by 9.6%, from $212.56 million to $192.77 million. Alphabet Inc. is a multinational technology company that specializes in Internet-related services and products.

Microsoft Corp (MSFT) saw an increase in the number of shares held by Intermede Investment Partners, going from 769,185 shares in Q3 2022 to 786,727 shares in Q4 2022. The value of the position increased by 5.3%, from $179.14 million to $188.67 million. Microsoft is a technology company that develops, licenses, and sells computer software, consumer electronics, and personal computers.

Intermede Investment Partners' top holding in the healthcare sector, Zoetis Inc (ZTS), saw an increase of 17.3% in the number of shares held, going from 1.06 million shares to 1.25 million shares. The value of the position increased by 17.5%, from $156.63 million to $183.79 million. Zoetis is a global animal health company that discovers, develops, manufactures, and markets veterinary vaccines and medicines.

Looking at the financial sector, Mastercard Inc (MA) saw an increase in the number of shares held by Intermede Investment Partners, going from 504,381 shares in Q3 2022 to 515,839 shares in Q4 2022. The value of the position increased by 25.1%, from $143.42 million to $179.37 million. Mastercard is a multinational financial services corporation that facilitates the processing of electronic transactions.

Intermede Investment Partners' position in Amazon.com Inc (AMZN) decreased significantly, going from 1.7 million shares in Q3 2022 to 1.6 million shares in Q4 2022. The value of the position decreased by 25.9%, from $192.09 million to $142.35 million. Amazon is an American multinational technology company that focuses on e-commerce, cloud computing, and artificial intelligence.

In summary, Intermede Investment Partners' shift in their holdings in Q4 2022 can be attributed to a few key factors such as market trends, company-specific events or announcements, and changes in the fund's investment strategy. It is important to note that these holdings only represent a small portion of the firm's entire portfolio and that there may be other factors outside of the 13F form that determine their investment decisions. Nevertheless, analyzing these holding changes can provide insights into the fund's investment strategy and outlook for the current market.